Concept Of Youth Entrepreneurship

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CHAPTER-III CONCEPTUAL BACKGROUND OF THE STYDY 3.1 Introduction The word “Entrepreneur” is derived from the French language that refers to a person who undertakes and operates a new business enterprise, and assumes some liability for the inherent risks. Being an entrepreneur is about taking risks and face up to many challenges. An entrepreneur can build new companies. They can also entrepreneurs take many challenges in the field, the entrepreneurs to meet certain and uncertain problems. Usually anyone who runs the business is called up youth entrepreneurs. The more accurate meaning of youth entrepreneur is one who creates his own business i.e., a person who initiates, organizes, operates and assumes the risk of a business venture. An entrepreneur…show more content…
The word entrepreneurship calls up visualizations of active, decided men and youth accomplishing significant achievements. The youth entrepreneurs are important representatives of change in every society. Yet they present the most unknown able characters in the play of economic development, particularly in the poor developed world. While it is an entrepreneur’s purposive activity that connection gap between plan and reality, the specific way that this agent of change acts is often unpredictable or immeasurable. Understanding of entrepreneurship in the less developed countries is very important in the background of their growth and development. Entrepreneurship is not uniformly distributed quality throughout these given societies. The psychological attributes are achievement oriented and are prepared to take risks. Youth entrepreneurship is scattered over a wide range of business functions to bring out the effects within the structure of business…show more content…
Beyond stressing the youth entrepreneurs importance to the business, they are little entrepreneurial analysis. An youth entrepreneur is the economic agent who unites all means of production, the labour force of the one and the capital or land of the others and who finds in the value of the products his results from their employment, the reconstitution of the entire capital that he utilizes and the value of the wages, the interest and the rent which he pays as well as profit belonging to himself. It emphasized the functions of co-ordination, organization and supervision. And then the youth entrepreneur is an organizer and speculator of a business enterprise. The youth entrepreneur lifts economic resources out of an area of lower into an area of high productivity and greater yield. Youth entrepreneurship is needed by an entrepreneurship during the situation of maturity and change. Whatever is the definition, across the world youth entrepreneurs have been considered instrumental in initiating and sustaining socio-economic development. There are evidences to believe that countries which have proportionately higher, percentage of youth entrepreneurs in their population have developed much faster as compared to countries which have lesser percentage of them in the society, discover new sources of supply of materials and markets and they establish
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